Business Insurance
Boston-based wholesale broker One80 Intermediaries on Thursday unveiled non-damage business interruption coverage for future pandemic-related losses with available limits up to $100 million.
Posted: Jul 23, 2020
Braulio Arsuaga Losada, president of the National Tourism Business Council of Mexico, said that the tourism industry could lose nearly 1.6 trillion Mexican pesos ($72 billion) this year, due to a 48% decline in tourism amid the COVID-19 pandemic.
Posted: Jul 23, 2020
Denis Kessler, chief executive of SCOR, said on Thursday he would favor an EU-wide pandemic scheme to cover business interruption losses, rather than any national plan, as the French reinsurer swung to a quarterly loss.
Posted: Jul 23, 2020
Zurich Insurance Group has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups.
Posted: Jul 22, 2020
The mother of a worker who died in a tractor accident failed to show that the actions of his employer were so egregious as to fall outside of the exclusivity provision of the North Carolina Workers Compensation Act.
Posted: Jul 22, 2020
Global insured losses from natural disasters totaled $30 billion for the first half of 2020, according to a report issued Wednesday by Aon PLC.
Posted: Jul 22, 2020
Cyber insurance and security firm Coalition Inc. said Wednesday it is now offering excess cyber insurance to middle-market accounts with up to $10 million in aggregate limits.
Posted: Jul 22, 2020
Occupational therapy and physical therapy assistants in New York would be authorized to treat workers compensation patients under legislation the state Senate passed unanimously Tuesday.
Posted: Jul 22, 2020
Surplus line premiums reported to the U.S. surplus lines stamping and service offices increased 10.3% in the first six months of this year compared with the year-earlier period, although the number of transactions decreased slightly, the Wholesale &...
Posted: Jul 22, 2020
Chubb Ltd. said Wednesday it has combined its North America accident and health businesses, naming Chris Martin president of the integrated division.
Posted: Jul 22, 2020
A Cleveland-based health care company is facing workplace safety citations following inspections of three of its Ohio nursing facilities that reported coronavirus-related hospitalization of seven employees, the U.S. Occupational Safety and Health Adm...
Posted: Jul 22, 2020
Verisk Analytics Inc. has released ARC (Analytics of Risk from Cyber), a cyber risk modeling platform, the data analytics provider said in a statement Wednesday.
Posted: Jul 22, 2020
Companies that wanted to curb the risk of the spread of COVID-19 among workers sent many of them home to work amid the comfort of kids, pets and household duties.
Posted: Jul 22, 2020
A federal judge has dismissed a lawsuit accusing Burger King Corp. of deceiving vegan, vegetarian and other customers into thinking it cooked the plant-based patties for its “Impossible Whopper" on different grills than those used to cook beef and ch...
Posted: Jul 22, 2020
Australia-based QBE Insurance Group Ltd. expects to report a loss of $1.1 billion Australia ($779 million) in the first half of the year due to the COVID-19 pandemic.
Posted: Jul 22, 2020
Five GM Korea Co. executives, including chief executive Kaher Kazem, have been accused of violating a law aimed at protecting temporary agency workers.
Posted: Jul 22, 2020
U.K.-based data analytics firm GlobalData PLC said that a rise in business interruption insurance claims is likely to hurt Aviva PLC's profits this year.
Posted: Jul 22, 2020
Swiss catastrophe loss data provider Perils AG expects insurance and reinsurance claims related to the hailstorms that struck the southeastern region of Australia in January to surpass $1.8 billion Australia ($1.3 billion).
Posted: Jul 22, 2020
John Chen, chief executive of Swiss Re China, said that local insurers should launch products and services with targeted and customized features to boost coverage rates after the COVID-19 pandemic.
Posted: Jul 22, 2020
U.K.-based insurtech startup Marrikel Ltd. has launched a web-based reinsurance broking platform to support the entire reinsurance transaction-flow, from marketing through digital execution.
Posted: Jul 22, 2020
Workplace safety rules may clash with federal protections for individual rights if employees resist potential employer efforts to require them to take a prospective COVID-19 vaccine, but safety considerations will likely carry more weight in court, s...
Posted: Jul 22, 2020
W.R. Berkley Corp.’s profit plummeted in the second quarter of 2020 as coronavirus-related losses hit the insurer and investment income fell.
Posted: Jul 21, 2020
An Argo Group unit has no duty to defend a pool construction company in a trademark infringement coverage dispute, a federal appeals court said Monday in affirming a lower court ruling.
Posted: Jul 21, 2020
A federal district court ruled in favor of Arch Specialty Co. on Monday and said it does not have to submit to arbitration in a dispute with the University of Southern California over coverage involving a former USC physician charged with sexual misc...
Posted: Jul 21, 2020
New York-based reinsurance broker Holborn Corp. on Tuesday named Timothy R. Amman, a former managing director at Goldman Sachs Group Inc., as its chief financial officer, effective immediately.
Posted: Jul 21, 2020